Peru: A Special Report

The century we live in has been an eventful time for the Third World, particularly the country of Peru. Although it will take one or two generations more to see its end and fully evaluate its scope, it is already clear that during the twentieth century, Peru has entered a dynamic industrial, economic, social, and political revolution. This century has seen the end of old governments, and the introduction of reforms which radically change complex traditional patterns. It also has marked the beginning of an era in which the government has elected to undertake, as a national effort, most of the future economic growth of Peru. For the most part, large multinational mining companies, which have helped to discover and put into operation large mineral and ore deposits in Peru, have been sympathetic toward this philosophy. Most big foreign companies, in addition to capital, brought with them to Peru an efficient technology, modern management, and an effective organization for the further processing, sales, and distribution of refined commodities. Nationalization of all basic resources, including mining, is the, trend-not, it is hoped, to the detriment of established technology and production.